Hi, I updated you last week about the support level $600-630. Yesterday we saw the support level $630 was tested again and it was strong. We are now stuck in a range between $700-720 (the red rectangle) for 6 days. We have to close one daily candle above $720 and once we get above it, we are ready for the resistance $880-900. We need one more push. Be patient and...
I think we are going to see a big correction soon (abc correction) and I think it is going to happen between 62000-63000, because we are getting closer to fibonacci 3.618 extension and that is our biggest resistance. If the same 2017 correction happens, then BTC will fall between 30-40%. I think after correction Altcoins will takeoff and BTC will set new all time...
I have found many interesting thing here. 1.) We broke the important trendline last week (the red ellipse)☑️ 2.) We are in uptrend right now ☑️3.) We had to back test the support level 0.475-0.49 to check if it holds and we have done it, but we have to close a weekly candle above it to be 100% sure.☑️ 4.) We have made double bottom in RSI and it’s a good sign....
Like I told you last week, XRP is going to do 60-70% retracement and now we see XRP completed the mission. In the last 3 days XRP has fallen 12%. The BIG question is that if the support level $0.47-0.50 holds by end of the week, if it holds then I think we are going to test the resistance $0.75 for the last time and we are going to break it. So be patient and...
Since the last time I updated you BCH is up 35%. We are in bullish momentum right now, 2 resistance (525 and 630 are broken), now we are looking for resistance $880. If we close the weekly candle above $650 today, it is for first time after 2.5 years and that’s good news. But first we have to backtest the broken resistance $630, if that holds, then we are ready...
If today we close the candle above the trendline, we are going to see BCH outperforming BTC in coming weeks. As I’m writing this BCH/BTC is above SMA50 and SMA100, RSI is above 60 and the support level 0.010 held. This tells us that we are in a bullish momentum.
I updated you last week that we have broken the trendline and it is time to buy, since then BCH is up 25%. Now it is time to break the resistance $525-535 to move further. Once we break the resistance we are ready to takeoff. + We have RSI above 60, MACD still green and we all know that BCH is undervalued compared to the other coins. Let’s go 🚀
I forgot to mention that we broke the downside trendline and that is good news for XRP community. Since the last time I updated you, XRP is up 30%. I said XRP is going to do 50% retracement and will test the resistance 0.475. Now we have to close one daily candle above 0.50 to move further and it is time to test the next retracement level 0.618 and once we break...
Since the last time I updated you, XRP is up 30%. I said XRP is going to do 50% retracement and will test the resistance 0.475. Now we have to close one daily candle above 0.50 to move further and it is time to test the next retracement level 0.618 and once we break it we are going to test the resistance 0.75 for the last time hopefully. Good things take time so...
Good news, we have now re-test the trend line and the support level $400 held. Now we have to break the resistance $525 to move further. Something is very strange and that is BCH is very undervalue compared to other coins, because according to Total Market Cap exclude BTC the fair value for BCH most be around $4000.
I updated u guys 2-3 days ago, that if the support level 0.35-0.37 and SMA 100 HOLD, then we are going to see a 50% retracement to 0.47-0.52. Now I have found a fractal that happened in Mars.2017 <and I see that the structure is almost the same, but if we see a push in the price, then I am 100% sure that this is the same story. BE PATIENT GOOD THINGS TAKE TIME.
Now we are on the good path. The support level $30000 held and now we broke both the resistance $34600 and the trendline. I think we are going to set new all time high soon.
In the short term we are going to see 50% retracement, I think the support level 0.35-0.37 were strong enough, so now it is time to move up to test the resistance 0.47-0.50 first. + We see a beautiful head and shoulder, that tells us we are going up.
XRP retest the support level around 0.35-0.37 and SMA(100), once we get above 0.47, we get another chance to test the resistance 0.75-0.80. + We have RSI above 60 and it is bullish sign.
Update 3/3: Like I said 5 days ago BTC will drop to $26000. We have one more dip to $25800-26000 and after that we are going to set a new all time high for BTC and then it is time for ALTCOINS to set new all time highs. So be PATIENT and don’t PANIC, because this market is still BULLISH. Like I said it is going to be a total 35-45% correction and then it is time...
If we use the 2017 fractals we see that there is only 300% left for ETH. Now we are fighting for new all time high, but once we crush the $1450 resistance, then it is time to takeoff. My targets for ETH are between $5500-6200.
From this chart we see that we have good support around $400-425 + we see also Elliott wave principle (1,2,3,4,5) waves and a small (abc) correction, so I think now it is time for new (1,2,3,4,5) waves to come and that will get us up to the target $1000 in the short term. The last update I did for BCH, I told u guys that BCH is lagging behind the Total Market Cap...
Like I said 5 days ago BTC will drop to $26000. We have one more dip to 25800-26000 and after that we are going to set a new all time high for BTC and then it is time for ALTCOINS to se a new all time highs. Be PATIENT and don’t PANIC, because this market is still BULLISH. It is going to be a total 35-40% correction and then it’s time takeoff.